Sei Investments Co. raised its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 14.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 181,519 shares of the utilities provider’s stock after buying an additional 22,664 shares during the period. Sei Investments Co.’s holdings in WEC Energy Group were worth $11,141,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in WEC. Opus Investment Management Inc. boosted its position in shares of WEC Energy Group by 8.5% in the second quarter. Opus Investment Management Inc. now owns 64,100 shares of the utilities provider’s stock worth $3,934,000 after buying an additional 5,000 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of WEC Energy Group by 0.3% in the second quarter. CIBC Asset Management Inc now owns 40,495 shares of the utilities provider’s stock worth $2,486,000 after buying an additional 102 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in shares of WEC Energy Group by 11.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 5,227 shares of the utilities provider’s stock worth $321,000 after buying an additional 529 shares in the last quarter. Spinnaker Trust boosted its position in shares of WEC Energy Group by 20.7% in the second quarter. Spinnaker Trust now owns 16,379 shares of the utilities provider’s stock worth $1,005,000 after buying an additional 2,804 shares in the last quarter. Finally, Country Trust Bank boosted its position in shares of WEC Energy Group by 5.7% in the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock worth $127,000 after buying an additional 112 shares in the last quarter. Institutional investors own 70.72% of the company’s stock.

Shares of WEC Energy Group, Inc. (NYSE WEC) opened at 64.47 on Thursday. WEC Energy Group, Inc. has a 12-month low of $53.66 and a 12-month high of $64.90. The stock has a 50 day moving average of $62.49 and a 200 day moving average of $60.92. The company has a market cap of $20.35 billion, a price-to-earnings ratio of 21.14 and a beta of 0.11.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. WEC Energy Group had a return on equity of 10.75% and a net margin of 12.72%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that WEC Energy Group, Inc. will post $3.11 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, August 10th. WEC Energy Group’s payout ratio is presently 68.42%.

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A number of equities analysts have recently issued reports on the stock. BidaskClub cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $58.00 target price (down previously from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Ladenburg Thalmann Financial Services upped their target price on shares of WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, June 9th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of WEC Energy Group in a report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $62.86.

In related news, VP Susan H. Martin sold 15,470 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $62.50, for a total value of $966,875.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

About WEC Energy Group

WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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